$2,672 Closing Credit*
$225,000
1,024 SqFt
3 Beds
•2 Full Baths
Kris Cayton, Listing Office: A New Dawn Realty, Inc
Is Mayodan, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mayodan was a Neutral Market.
Key Takeaway
Mayodan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mayodan, NC
How much do homes in Mayodan, NC cost?
Median Sold Price
$189,750
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,750(+7.2%)
Key Takeaway
Homes in Mayodan have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Mayodan was $189,750 in November 2024, up 7.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.3K | $53.5K | -55.2% |
| 2 Bedrooms | $135K | $131.8K | -2.4% |
| 3 Bedrooms | $189.9K | $198.1K | +4.3% |
| 4 Bedrooms | $354K | $294K | -16.9% |
| 5+ Bedrooms | - | $321.5K | N/A |
Summary: Mayodan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.2%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mayo Township | $220K | $289K | +31.4% |
| Madison | $232.7K | $261.9K | +12.5% |
| Mayodan | $177K | $189.7K | +7.2% |
| Madison Township | $216.5K | $224.7K | +3.8% |
Housing Supply in Mayodan, NC
How many homes are available in Mayodan, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The Mayodan real estate market had 16 homes for sale in November 2024, a 15.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mayodan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayodan, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mayodan in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mayodan, NC
How long does it take to sell a home in Mayodan, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 42 Days | -22.7% |
Summary: Homes in Mayodan had an average of 42 days on market in Nov 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mayodan has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Mayodan; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
